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    Question

    The Reserve Bank of India was taken over by the

    Government in
    A 1938 Correct Answer Incorrect Answer
    B 1949 Correct Answer Incorrect Answer
    C 1955 Correct Answer Incorrect Answer
    D 1956 Correct Answer Incorrect Answer
    E 1975 Correct Answer Incorrect Answer

    Solution

    In 1949, the Government of India nationalized the Reserve Bank under the Reserve Bank (Transfer of Public Ownership) Act, 1948.

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